Rhigos
13 Apr 2017
Broker upgrade [link]
Ripley94
08 Apr 2017
Hotoliveoyl49 Anyone know what happened to the poster hotolive ? seems last posted anywhere 2014.
Rhigos
20 Mar 2017
Upgraded to Buy by Goldman Sachs [link] probably explains this morning's SP rise of around 2%. I think market currently is undervaluing ABS as they are not allowing enough for Primark's forward growth. The fall of 25% from Dec 2015 high does not seem justified to me. I agree that SP had probably overshot fair value at high but not by 25% IMO. Goldman Sachs target of $49 (about £40) is bullish. I would not be surprised to see SP reach £33 this year, £40 might take a bit longer.I have held ABF for seven years and current holding within 3% of maximum number of ABF shares I've ever held (13 trades).
LK Hyman
27 Feb 2017
Re: Today's trading update was good Jose,""It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.""Wise words from Uncle Warren, m8, wise words indeed.Talkin' of Buffett, I wonder whether there might be an opportunity for Unilever and ABF to do summat mutual when ULVR have finished the hard look that it's taking at itsen as a result of the nasty shock that Kraft Heinz gave 'em?Can't think what exackly, but it deserves some thought.I expect Polman off of ULVR would give his left nut for the sort of defensive protection that the Weston stake gives ABF against any toerag bidders.LKH on the flybridge considering a re-entry to ABF ... lookin' for a discount on a set of wife beaters
JoseFrio
27 Feb 2017
Re: Today's trading update was good A more leisurely scan reveals that every division is performing well, with some excellent progress in places, including Primark. 12% increase in store space and 1% growth in like-for-like sales is remarkably good, and a slight hit on profit margin due to sterling's fall was already announced. I cannot recall a previous trading statement from ABF which was positive in all divisions. So the fall in price is surprising. I can only think that the Primark profit marging issue is the root cause.I have been a long-term shareholder of ABF and the management appears to be amongst the best. With hindsight, the shares got ahead of themselves last year. They are still not cheap but, with the trading statement, it is clear ABF is firing on all cylinders and shareholders wiill make a handsome return by investing at current levels. As Warren Buffett says "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
Rhigos
27 Feb 2017
Today's trading update was good At a quick scan all divisions doing well yet SP falls about 1%! There was a statement that capital expenditure increased which may drive down ROCE.The biggest growth area for ABF is IMO Primark." Sales at Primark are expected to be 11% ahead of last year at constant currency, driven by increased retail selling space, and 21% ahead at actual exchange rates."I suppose that like for like sales may have been down as increased sales a result of increased selling space.Just looked at 1 min tick chart for ABS peaked in early trading up to 2666 then by about 8:45 down to 2566 since them moved up to 2587 by 09:33. Looks like market is not sure how to analyse results.I am still bullish on ABF as I believe Primark can deliver great returns.
philanderer
27 Jan 2017
Re: Fall in sp It was a downgrade by Exane BNP from 'neutral' to 'underpeerform'
Rhigos
26 Jan 2017
Re: Fall in sp tejo, I agree those are all head winds and explain sudden fall after referendum but all those issues have been public knowledge for about 6 months. Something must have caused sharp increase in trade volume this morning. Perhaps an institution deciding today to cut their holding in ABS or perhaps a hedge fund taking a big short position. ABF my 2nd largest holding at 5.05% when market closed yesterday, so some relief SP now around 3% instead of 4% down. I hope Primark can do the usual trick of outperforming exceptions. Quite a lot of their sales now in Euros and USD. The UK will still be their biggest market though.
tejo
26 Jan 2017
Fall in sp Probable causes are adverse impact of sterling weakness on Primark's purchase costs. minimum wage increase, business rates increase and the difficulty in passing these on in higher selling prices plus risk of US adventure
m4hmr
26 Jan 2017
ABF Target 3300 Toyal Bank of canada 26/01/17 Associated British Foods plc (LON:ABF)‘s stock had its “outperform” rating reiterated by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Thursday. They currently have a GBX 3,300 ($40.13) target price on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 27.91% from the stock’s previous close.[link]
Uncle Doug
26 Jan 2017
Re: No news but SP -4% why Dunno m8 but I took the opportunity to double up @2362. Now 5% of my wad.GLA
Rhigos
26 Jan 2017
No news but SP -4% why No RNS. No new broker downgrade I could find. 11th most traded share on LSE this morning. What is going on?
Rhigos
13 Jan 2017
Yesterday's trading update "Growth in sales in the 16 weeks ended 7th January, helped by the devaluation of sterling since Brexit. The company said group revenue in the 16 weeks rose by 22% year-on-year thanks to the weak pound, while revenue at constant currency rose by 10%."[link] update looked OK to me. Why did SP fall 4.52%?There were 7 broker updates the last 2 days on ABF 3 reiterate Buy, one reiterates Equal weight, two downgrade from Exane BNP Paribas to Neutral and Numis to Add and one reiterate Hold. I conclude fall not a result of broker downgrades.Can anyone explain what was in trading update that would cause SP to fall over 4.5%?
Rhigos
08 Nov 2016
2016 Annual Results [link] in ABF fully justified by today's results. Good figures all round. SP +144p, 5.79% on day.
notconfucius
02 Nov 2016
Up 3% today Results due on 8th November, looks as if Next results(shares up 4% may be dragging ABF shares up with it,. Bought back in at £28 and £26 . Hope this is start of upward trend
